Visa has successfully acquired Featurespace, an AI-native company specializing in real-time transaction monitoring and fraud prevention technology. This strategic move will enhance Visa’s fraud protection capabilities, reinforcing its commitment to providing secure, seamless payment experiences for customers and consumers worldwide. Featurespace’s advanced tools, including real-time detection of sophisticated fraud attacks, will be integrated into Visa’s existing fraud prevention and risk-scoring offerings, delivering robust protection without compromising user convenience.
Founded in 2008 and headquartered in Cambridge, UK, Featurespace safeguards financial transactions for some of the world’s largest banks and institutions, processing over 100 billion annual payment events for 500 million consumers. The collaboration will bring together Visa’s extensive global expertise in payments and Featurespace’s advanced AI technology, setting new benchmarks in fraud prevention. Visa, a global leader in digital payments operating across more than 200 countries, aims to leverage Featurespace’s innovations to expand its Risk and Identity Solutions unit. This integration underscores Visa’s mission to foster secure and inclusive economic growth, ensuring a safer transactional environment for businesses and individuals alike.
